Iberdrola SA Loses Court Ruling on ACS Actividades de Construccion y Servicios SA’s Voting Rights-Reuters

Reuters reported that Iberdrola SA vowed to keep up its battle to prevent its shareholder ACS Actividades de Construccion y Servicios SA (ACS) exerting more power in the Company despite losing a court case. Spain's Supreme Court rejected Iberdrola SA's challenge to a new law scrapping a company's power to restrict individual shareholder voting rights to 10 percent. ACS, which owns 18.55% of Iberdrola SA, should now be able to vote in accordance with its full stake.